Now there is a JUMBO loan for folks that have had a Foreclosure or Short Sale in the last 2 years!
- 90% Loan to Value
- 2 years since foreclosure/short sale(Traditional Guidelines require 7 years)
- 680+ Credit score
This is great for your clients that had to do a short sale or suffered a foreclosure due to the drop in housing prices, but still have the income, down payment, and desire to purchase in the Jumbo price range.
Think of your Jumbo past clients that may have had to issues and give them a call.